Riding The Wave Weekly Outlook #54

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Table of Contents

1. Tweets

2. What’s Happening Now?

3. What Might Happen Next?

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Tweets

y00ts @y00tsNFT

y00ts will officially bridge to @0xPolygon in Q1 2023.

Bitcoin Archive @BTC_Archive

JUST IN‼️ HSBC filed a trademark application for a virtual currency exchange. 🤔

Bitcoin Archive @BTC_Archive

Wow! 😱 El Salvador's "My First Bitcoin" education project taught +10K students in 2022 and aims to teach 250k students in 2023. 🚀 @MyfirstBitcoin_

unusual_whales @unusual_whales

Sam Bankman-Fried met with 'Big Short' writer Michael Lewis during house arrest, per NYP.

whalechart.org 🐳 @WhaleChart

Russia's former President Dmitry Medvedev believes that the US dollar and the euro will lose their strength, while crypto will come to prominence.

Will Clemente @WClementeIII

This year Bitcoin crossed over $100 trillion in cumulative transfer volume, with roughly $105 trillion having been settled on the network in total. This is a tremendous feat, illustrating how millions around the world have utilized Bitcoin as a global settlement network.

Cryptic Poet @1CrypticPoet

🔥 BREAKING: USA dept. of Justice identifies cryptos as commodities in the Southern District of New York Court filing on December 23, 2022. cointelegraph.com/news/maybe-it-… #crypto #blockchain #cryptocurrency

unusual_whales @unusual_whales

Crypto investment firm Midas is shutting down its platform due to significant losses and withdrawals following the collapse of Celsius and FTX, per CoinDesk.

Alf @MacroAlf

Let me see if I get this right. In 2022: - The bond market experienced one of the worst years on record - The stock market dropped 20%+ - 90% of ETFs lost money Yet even after a speculative frenzy, the rate-sensitive housing market will at most decline 3-5% in 2023 Mmmhhh…

Watcher.Guru @WatcherGuru

JUST IN: MicroStrategy has purchased an additional 2,500 #Bitcoin ($41 million).

whalechart.org 🐳 @WhaleChart

BREAKING: MicroStrategy sold 704 #Bitcoin for a total of around $11.8 million, offloading at $16,776 per coin.

Watcher.Guru @WatcherGuru

JUST IN: 🇯🇵 Japan to allow exchanges to list #crypto without pre-screening, unless they are new to the market.

Autism Capital 🧩 @AutismCapital

If Sam enters a plea deal, and pleads GUILTY, we wonder if he will try to give up information on CZ and get his revenge in exchange for reduced time. This tweet comes to mind. The information will have to be *very* solid to move the needle. It will be electric to watch.

Joe Burnett (🔑)³ @IIICapital

Every day an additional ~ 14,000 entities take custody of BTC. This is roughly the same rate of growth as the 2017 peak and the 2021 bull run. Impressive as BTC sits ~ 75% off its all time high.

Byzantine General @ByzGeneral

I don't mean to spook everyone but $BTC has never spent 5 months below the 200 W MA 💀 Not great.

unusual_whales @unusual_whales

Sales of new US homes unexpectedly rose in November, however homebuilder sentiment has declined every month this year, including last month, per Bloomberg.

Watcher.Guru @WatcherGuru

JUST IN: 🇨🇳 China is set to launch its first regulated #NFT platform on January 1, 2023.

Bitcoin Archive @BTC_Archive

NEW‼️ FIJI's new PM has sought advice on adopting #Bitcoin as legal tender - Cointelegraph 😳

whalechart.org 🐳 @WhaleChart

BREAKING: ​Alameda wallets funnel over $1.7M via crypto mixers last night.

Dylan LeClair 🟠 @DylanLeClair_

Good morning.

Watcher.Guru @WatcherGuru

JUST IN: BMW to integrate #blockchain technology and use #BNB Chain to settle transactions for customer loyalty program.

whalechart.org 🐳 @WhaleChart

BREAKING: A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold.

The Kobeissi Letter @KobeissiLetter

This year: 1. $SPX is down 20%+ and tech stocks collapsed 2. Bonds are set to post one of their worst years ever 3. Crypto markets lost $2 trillion 4. Interest rates are higher than 2008 Yet, the median home price is up 3% this year. Is 2023 the year of the housing crash?

Bitcoin Archive @BTC_Archive

JUST IN - ⚡️ MicroStrategy to launch #Bitcoin Lightning services in 2023 to "onboard millions to Lightning". 🚀

Watcher.Guru @WatcherGuru

JUST IN: #Binance CEO says the exchange serves over 120 million users globally.

whalechart.org 🐳 @WhaleChart

Sam Bankman-Fried's Alameda Research sells $1.7 million in crypto amid bankruptcy and still holds over $112 million in tokens

Blockworks Research @blockworksres

With Solana hitting single digits again and TVL down 97%, is the ecosystem dead? A quick 🧵 by @0xpibblez on FTX contagion, the death of SRM, and the redemption of Solana DeFi with @openbookdex

whalechart.org 🐳 @WhaleChart

🔻 Donald Trump’s NFT’s floor price drops 91% in 14 days

Genevieve Roch-Decter, CFA @GRDecter

2022 is the worst year ever for stocks and bonds since 1871

Bitcoin Archive @BTC_Archive

NEW‼️ You can now buy #Bitcoin w Apple Pay and Google Pay on binance. 🙌

Watcher.Guru @WatcherGuru

JUST IN: Twitter closes Seattle office and asks employees to work from home.

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What’s Happening Now?

Bitcoin(BTC)

Bitcoin is once again attempting to break through its 8-week SMA.

Weekly Timeframe Bitcoin

On the daily time frame, we are still finding support at the bottom of the 2nd resistance area..

Daily Timeframe Bitcoin. Red/blue boxes are potential area support/resistance, blue line represents the downtrend we were previously following

Ethereum(Eth)

Ethereum is also testing its 8 week SMA

Weekly Timeframe Ethereum

On the daily time frame, Ethereum has continued to move sideways above the blue downtrend we previously followed.

Daily Timeframe Ethereum. Red boxes are potential areas of support/resistance, the blue line represents the downtrend we seem to be following

Cardano(Ada)

Cardano is still decrease in price with a large amount of room below the 4 SMA’s

Weekly Timeframe Cardano

On the daily time frame, it is continuing to move towards the bottom of the 5th resistance area, which would be our next area of support.

Daily Timeframe Cardano. Red boxes are potential areas of support/resistance, the blue line represents the downtrend we seem to be following.

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What Might Happen Next?